Source: Deutsche Nachrichten
The NYSE Arca Gold Miners Index gained 17.4 percent in the third quarter, even though gold prices fell in September. For Banyan Gold and Fury Gold Mines, the focus is on drilling, financing, and study milestones.
Advertisement – This article is a paid marketing and communications release on behalf of Fury Gold Mines Limited and Banyan Gold Corp. . SRC swiss resource capital AG has paid investor relations consulting agreements with both companies . Creator and Publisher: SRC swiss resource capital AG . Author: Ingrid Heinritzi. First published: October 6, 2026, 5:30 a.m. Berlin/Zurich .
Dear Readers,
September 2026 saw a setback in the price of gold. According to U.S. Funds, gold fell by 6.3 percent over the course of the month, while the U.S. Dollar Index rose by more than 2 percent. On September 16, the Federal Reserve raised its benchmark interest rate by 25 basis points to 3.75 to 4.00 percent. The picture for the third quarter as a whole is more favorable: According to U.S. Funds, the NYSE Arca Gold Miners Index posted a total return of 17.4 percent, outperforming all S&P 500 sectors.
The demand base also remained supportive. The World Gold Council reported global net central bank purchases of 23 metric tons for July, including 20 metric tons in China and 8 metric tons in Poland. The figures are based on reports available through July 31, 2026.
Banyan Gold: Financing and Nitra Drilling
Banyan Gold Corp. – https://www.commodity-tv.com/ondemand/companies/profil/banyan-gold-corp/ – announced on September 29, 2026, the completion of a financing round with gross proceeds of approximately 54.3 million CAD. According to the company, the funds will be used to finance the AurMac and Nitra projects in the Yukon, as well as working capital.
According to the company, the AurMac and Nitra land package covers approximately 830 km². The 2026 Nitra program is focused on eleven regional targets. For the Seattle Creek Zone, Banyan reported, among other things, 4.04 g/t gold over 1.4 m, including 5.70 g/t gold and 544 g/t silver over 0.5 m. At the time of the announcement, however, only the top 95 m of a 600-meter-long drill hole had been analyzed.
For AurMac, Banyan has scheduled a Preliminary Economic Assessment (PEA) for the fourth quarter of 2026, according to its own plans.
You can also meet Banyan Gold in person
The company will be exhibiting at the Munich Commodities Fair (- https://www.rohstoffmesse-muenchen.de/ -), which will take place on November 6 and 7, 2026, at MotorWorld Munich.
Take advantage of this opportunity for direct interaction to ask questions about the plans for the Yukon projects AurMac and Nitra, ranging from the “PEA” scheduled for the fourth quarter of 2026 to the regional exploration program at Nitra.
Admission is free with prior online registration.
Fury Gold: Eau Claire Ahead of the PFS Phase
Fury Gold Mines – https://www.commodity-tv.com/ondemand/companies/profil/fury-gold-mines-ltd/ – has a Québec portfolio of approximately 157,000 hectares, according to its quarterly report. The former Dolly Varden holding was exchanged for Contango shares as part of the merger completed on March 26, 2026. Fury currently holds 1,815,754 Contango shares, representing approximately 5.8 percent.
On August 25, Fury reported, among other results from the Eau-Claire program, 14.41 g/t gold over 3.92 m in drill hole 26EC-125. According to the company, Phase 2 drilling will cover 15,000 to 25,000 m, and management is working toward a pre-feasibility study (PFS) in 2027. The company’s presentation as of September 8, 2026, also lists CAD 6.3 million in cash and cash equivalents and CAD 53.9 million in marketable securities.
Conclusion: Gold Stocks Face New Proofs of Concept
The quarterly data show relative strength in mining stocks. For Banyan, the verifiable catalysts lie in financing, the Nitra drill program, and the planned AurMac PEA. For Fury, the focus is on further Eau-Claire results and the planned PFS phase.
Good luck and warm regards from Switzerland,
Yours,
Marc Ollinger
Swiss Resource Capital AG
Note: The following market assessments are expressions of opinion. Statements regarding third parties are based – where indicated – on publicly available sources; where no source is cited, they represent subjective assessments rather than verified factual claims.
Swiss Resource Capital AG at a glance:
Sources and Editorial Basis
- U.S. Global Investors / U.S. Funds: Gold Stumbled in September, but Gold Miners Beat Every Sector in the S&P 500 (October 2, 2026) – Original source
- Federal Reserve: FOMC Statement (September 16, 2026) – Original source
- World Gold Council: Central Bank Gold Statistics (September 3, 2026) – Original source
- Banyan Gold: Closes $54.3 Million Financing (September 29, 2026) – Original Source
- Banyan Gold: Seattle Creek Gold-Silver Discovery (August 25, 2026) – Original source
- Banyan Gold: AurMac PEA (July 7, 2026) – Original Source
- Fury Gold Mines: Eau Claire Infill Drill Results (August 25, 2026) – Original Source
- Fury Gold Mines: Projects Overview (updated September 23, 2026) – Original source
- Fury Gold Mines: Investor Presentation (September 25, 2026) – Original source
- Fury Gold Mines: MD&A Q1 2026, SEC filing (as of March 31, 2026) – Original source
Source of Intro Image: https://furygoldmines.com/projects/eau-claire/#photo-gallery
Date of publication: October 5, 2026. This presentation is based on the cited public company announcements, project websites, technical and geological publications, and external market sources. SRC swiss resource capital AG has not conducted its own resource estimate, drill data review, metallurgical study, PEA, PFS, feasibility study, or independent company valuation. Technical data is reproduced as provided by the respective source and has not been independently verified by SRC.
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Drilling results, visible gold, mineral resources, study values, and corporate targets are based on the sources cited in each case. Mineral resources are not mineral reserves; a drill interval does not constitute a resource estimate. A PEA or PFS is not a feasibility study and does not constitute a production decision. Studies, plans, and forecasts are based on assumptions; actual results may differ materially.
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